Credit Suisse Seeks to Run Exchange

Bank in Talks With U.S. to Win Status for New Trading System; Concerns of Potential Conflicts

By

Jenny Strasburg

Oct. 25, 2012 9:03 p.m. ET

Credit Suisse Group AG is quietly pushing to turn one of its trading venues into an exchange, an unusual bid that, if successful, would create the only U.S. stock exchange owned outright by a Wall Street bank.

The plan, which hasn't been made public, is taking shape amid heightened tensions between exchanges and brokers, which compete with each other for trades. Brokers also are big customers of exchanges and are subject to...